However, that doesn't mean you need to make an extravagant purchase. There are plenty of inexpensive and creative ways you can get the job done. And, you can start by giving the following 9 ideas a chance.

Murphy beds or storage loft beds (with desk) are the best furniture pieces for small homes. These can be placed in the living room (to create extra sleeping space when required) or even in the bedroom. A built-in window seat is another storage idea for small bedrooms. This can be used as a seating place or can even be converted into a bed. If you are looking for shoe storage options, then using shoe bags that can be hung behind the bedroom door can be a good option. You can also consider using under bed storage or storage boxes for storing spare mattresses, pillows, shoes, etc.

Every room needs different kinds of storage furniture, depending upon the items it contains. A child's room will need enough storage for toys and clothes, whereas a kitchen will need suitable compartments for storing food items. Let us see the different types of furniture required for storage around a home.